Nu-Med Plus Inc. Stock Forecast

On Thursday, Nu-Med Plus Inc. stock price gained an impressive 5.71%
(Updated on Jun 27, 2024)

NUMD Signals & Forecast

The Nu-Med Plus Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0634 and $0.0535. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 142.23%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Nu-Med Plus Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nu-Med Plus Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0669 and $0.0665. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nu-Med Plus Inc. finds support just below today's level at $0.0669. If this is broken, then the next support from accumulated volume will be at $0.0665 and $0.0608.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.86%.

Our recommended stop-loss: $0.0713 (-3.68%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 62 days ago.)

Trading Expectations (NUMD) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Nu-Med Plus Inc. to open at $0.0740, and during the day (based on 14 day Average True Range), to move between $0.0675 and $0.0805, which gives a possible trading interval of +/-$0.0065 (+/-8.72%) up or down from last closing price. If Nu-Med Plus Inc. takes out the full calculated possible swing range there will be an estimated 17.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.0669 (9.59%) than the resistance at $0.0850 (14.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nu-Med Plus Inc. stock A Buy?

Nu-Med Plus Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Nu-Med Plus Inc. of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.